735-737 Ormskirk Road Pemberton Wigan Greater Manchester WN5 8AT

735-737 Ormskirk Road
Pemberton
Wigan
Greater Manchester
WN5 8AT

Freehold Retail Investment

Heron Foods Ltd was incorporated in 1978 and has reported profits for the last 26 years
Let to Heron Foods Ltd on a new 17.5 year lease (10 year option to renew) from completion
Guaranteed rental increases with Rent Reviews linked to Consumer Price Index (CPI) (subject to a Minimum of 1% and a Maximum of 3%)
Neighbouring occupiers include Lloyds TSB, RBS, NatWest Bank, Subway and Boots
Six Week Completion

Lot
28
Auction
9th July 2014
Rent
£38,000 per Annum Exclusive
Status
Sold
Price
£500,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Heron Foods Ltd

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Freehold Retail Investment

Heron Foods Ltd was incorporated in 1978 and has reported profits for the last 26 years
Let to Heron Foods Ltd on a new 17.5 year lease (10 year option to renew) from completion
Guaranteed rental increases with Rent Reviews linked to Consumer Price Index (CPI) (subject to a Minimum of 1% and a Maximum of 3%)
Neighbouring occupiers include Lloyds TSB, RBS, NatWest Bank, Subway and Boots
Six Week Completion

Lot 28
Auction 9th July 2014
Rent £38,000 per Annum Exclusive
Status Sold
Price £500,000
Sector
Supermarket/Convenience
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Heron Foods Ltd

Property Information

Location

Miles: 2 miles west of Wigan Town Centre, 18 miles north-west of Manchester ,19 miles south of Preston, 18 miles east of Liverpool
Roads: M6, M58, A577, A49
Rail: Pemberton Railway Station, Wigan North Western
Air: Liverpool John Lennon Airport, Manchester International Airport

Situation

The property is situated on the busy Ormskirk Road (A577), a main thoroughfare between Wigan and the M6 and M58. Neighbouring occupiers include Lloyds TSB, RBS, NatWest Bank, Subway and Boots.

Tenure

Freehold.

Location

Miles: 2 miles west of Wigan Town Centre, 18 miles north-west of Manchester ,19 miles south of Preston, 18 miles east of Liverpool
Roads: M6, M58, A577, A49
Rail: Pemberton Railway Station, Wigan North Western
Air: Liverpool John Lennon Airport, Manchester International Airport

Situation

The property is situated on the busy Ormskirk Road (A577), a main thoroughfare between Wigan and the M6 and M58. Neighbouring occupiers include Lloyds TSB, RBS, NatWest Bank, Subway and Boots.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with ancillary accommodation on the first floor.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor retail unit with ancillary accommodation on the first floor.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground First	Retail Ancillary	263.78 sq m 249.41 sq m	(2,839.30 sq ft) (2,684.63 sq ft)	HERON FOODS LTD (1)	17.5 years from completion on a full repairing and insuring lease with a 10 year option to renew	£38,000	Rental increases linked to CPI (subject to minimum of 1% and maximum of 3%) 5 yearly annually compounded
Totals		513.19 sq m	(5,523.93 sq ft)			£38,000

(1) Heron Foods Ltd was incorporated in 1978 and operates from some 235 outlets nationally. In some 45 years of trading Heron Foods Ltd have always reported annual profits. For the year ending 29 December 2012, Heron Foods Limited reported a turnover of £194,703,789, pre-tax profits of £4,816,227 and a net worth of £21,324,565. (Source: www.riskdisk.com 10th June 2014.)